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EUR/GBP Bullish Momentum

EUR/GBP is trading higher and heads towards hourly resistance at 0.8929 (12/01/2018 high). Hourly resistance at 0.8846 (19/02/2018) is now reached. The technical structure suggests further short-term upside move.

In the long-term, the pair has largely recovered from lows in 2015. The technical structure suggests an upside momentum. The pair is trading above the range of its 200 DMA. Strong resistance can be found at 0.9500 (psychological level).

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